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I own shares of New York Community Bank (NYCB). On August 17 they announced a 3 for 2 stock split. In the newswire announcement they stated "From September 4,2001 through and including September 20,2001, shares of the Company will trade with due bills, entitling the buyers to receive the 50% dividend." I always assumed that if you bought shares prior to the execution date of the split that you would be entitled to the split. Is this what this statement means or am I misunderstanding it because I haven't noticed this statement in newswires regarding other splits?


I think the comment about "due bills" makes it confusing. I believe you are correct that if you buy the stock before the split and hold the stock through the split, you get the split. I found this article that mentions "due bill" (near the end of the article):
Subject: Stocks - Splits

Keith O'Malley

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